Press release
Brain Implant Market Size to Hit Eyes USD 4.5 billion by 2032 | CAGR of 12.2%
Brain Implant Market
The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Covid-19 Scenario
โข The outbreak of the COVID-19 pandemic had a negative impact on the global brain implant market due to the subsequent lockdown.
โข However, as the global situation started ameliorating, the demand for brain implant was restored back. This is attributed to the increase in adoption of advanced brain implant and augmentation in demand for advanced manufacturing systems. This, in turn, presented various growth opportunities for companies operating in the brain implant market.
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐๐ข๐ง ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ?
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐ฉ๐ซ๐๐ฏ๐๐ฅ๐๐ง๐๐ ๐จ๐ ๐ง๐๐ฎ๐ซ๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐ข๐ฌ๐จ๐ซ๐๐๐ซ, ๐ข๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐ข๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐ฒ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐ง๐จ๐ง-๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐จ๐ซ๐ ๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ ๐๐ซ๐ข๐ฏ๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ข๐ง ๐ข๐ฆ๐ฉ๐ฅ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ. ๐๐จ๐ฐ๐๐ฏ๐๐ซ, ๐ก๐ข๐ ๐ก ๐๐จ๐ฌ๐ญ ๐จ๐ ๐๐ซ๐๐ข๐ง ๐ข๐ฆ๐ฉ๐ฅ๐๐ง๐ญ ๐๐ง๐ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ซ๐ ๐ก๐๐ฆ๐ฉ๐๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก. ๐๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ญ๐ซ๐๐ซ๐ฒ, ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ก๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐ง๐ ๐ซ๐ข๐ฌ๐ ๐ข๐ง ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ฏ๐๐ง๐๐ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ฒ ๐๐จ๐ญ๐ก ๐ก๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐ฉ๐๐ญ๐ข๐๐ง๐ญ๐ฌ ๐๐ซ๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐จ๐๐๐๐ซ ๐ซ๐๐ฆ๐ฎ๐ง๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐๐ข๐ง ๐ข๐ฆ๐ฉ๐ฅ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
๐๐จ๐ฉ ๐๐ซ๐๐ข๐ง ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Boston Scientific Corporation
โข Medtronic Plc
โข Livanova Plc
โข Aleva Neurotherapeutics SA
โข Neuropace, Inc.
โข Functional Neuromodulation, Ltd.
โข Beijing Pins Medical Co., Ltd
โข Abbott Laboratories
โข Sceneray Co., Ltd.
โข Microtransponder Inc.
๐๐ซ๐๐ข๐ง ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: -
Based on type, the deep brain stimulation segment accounted for largest market share in 2022, accounting for more than two-thirds of the global brain implant market revenue, and is anticipated to register highest CAGR of 12.4% during forecast period. This is due to rise in number of people suffering from Parkinson's and tremors. In addition, implanted deep brain stimulation devices are effective in treating Parkinson's and tremors by sending electrical impulses to the brain to regulate abnormal brain activity that causes the symptoms of these movement disorders.
Based on application, the Parkinson's disease segment accounted for largest market share in 2022, accounting for around two-fifths of the global brain implant market revenue and is estimated to register highest CAGR of 12.6% during forecast period. The growth is attributed to a rise in prevalence of Parkinson's disease in adults and geriatric population.
Based on end user, the hospitals segment held the largest market share in 2022, accounting for more than two-thirds of the global brain implant market revenue and is expected to rule the roost in terms of revenue throughout the forecast timeframe. The same segment is expected to manifest the highest CAGR of 12.5% from 2023 to 2032. This is due to an increase in patient admission in hospital and availability of trained medical staff in hospitals that help to provide better services to patients.
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly three-fifths of the global brain implant market revenue and is estimated to retain its dominance from 2023 to 2032. This is due to an increase in target diseases such as Parkinson's & epilepsy, high availability of advanced brain implant, presence of well-developed healthcare infrastructure, and favorable reimbursement policies in healthcare systems. However, the Asia-Pacific region is expected to witness the fastest CAGR of 13.7% during forecast period, owing to upsurge in geriatric population, surge in prevalence of neurological diseases, and rise in awareness about advantage of brain implant such as long-term efficacy.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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David Correa
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help@alliedmarketresearch.com
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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